The main power utility PPC is engaged in talks with Terna Energy for a possible partnership concerning the latter’s plan to develop pumped-storage hydroelectricity facilities in Amfilohia, western Greece, and the Cretan region Amari, PPC’s chief executive Manolis Panagiotakis disclosed at the Thessaloniki International Trade Fair while addressing the utility’s decision to make a decisive turn towards green energy.
The energy sector’s future lies in renewable energy incorporating storage systems, Panagiotakis supported.
“Crete and other areas have potential. We have begun talks with Terna and other firms for the development of such projects by also utilizing existing lakes, such as the artificial lake at the Amari area’s rivers, with wind turbines,” the PPC boss explained.
Pumped-storage hydroelectricity allows energy from intermittent sources, such as solar, wind and other renewables, or excess electricity from continuous base-load sources, including coal, to be saved for periods of higher demand.
Terna Energy plans to develop a 680-MW facility in Amfilohia and a 93-MW plant at Amari, Crete.